Genesis Chartered Accountants

16/09/2026

Have you got income tax arrears from the 2022–23 or 2023–24 tax years?

Inland Revenue's debt-recovery pilot programme might be able to help. Through Tax Traders, you can set up a compliant payment arrangement using tax pooling, purchasing tax dated back to the original due date.

Here's what that could mean for you:
- Late-payment penalties removed
- Interest reduced to tax-pooling rates

If approved under the pilot, this can significantly lower the overall cost of clearing your arrears. Click the link below for more information or get in touch with us to chat further.

https://home.taxtraders.co.nz/ir-debt-recovery-pilot-programme?utm_campaign=Newsletter&utm_medium=email&_hsmi=439186116&utm_content=439186116&utm_source=hs_email

04/08/2026

Congratulations, Mike Bloy — recognised as one of NZ’s Top 40 Mortgage Advisers for 2026.

As someone who shares our office and collaborates with us daily, Mike brings professionalism, clarity, and unwavering support to our practice. His client-first approach and industry knowledge make this achievement no surprise. Proud to celebrate this milestone with you.

Voted as one of NZ's top mortgage advisers for 2026, Mike Bloy offers award-winning financial advice for home loans and property investments in Auckland.

09/07/2026

🚗 IRD has published the kilometre rates for the 2025-2026 income year

If you claim business vehicle expenses using the mileage method, the updated rates are worth a look before you file. Most have increased with electric vehicles seeing the biggest lift.

See more here: https://www.ird.govt.nz/updates/news-folder/2026/kilometre-rates-for-the-2025-2026-income-year

16/04/2026

📢 Gift Card Tax Rules Have Changed

Earlier this month, from 1 April 2026, all employer-provided gift cards and vouchers are treated as taxable benefits.

This means:
• FBT applies to all gift cards, regardless of type
• The previous $300 exemption no longer applies
• These benefits are now taxed from the first dollar

If your business provides staff incentives or rewards through gift cards, it’s important to understand how these changes affect your obligations.

If you’re unsure how to apply this, we’re here to help.

Read more: https://www.ird.govt.nz/updates/news-folder/2026/fringe-benefit-tax-fbt-changes-now-in-effect